Ducommun Incorporated (NYSE:DCO) Stock Has Average Price Target of $198.17 According to Brokerages

Key Points

• Ducommun has a “Moderate Buy” consensus rating from eight analysts, with five buy ratings and three holds. The average 12-month price target is $198.17.
• The stock opened at $159.96, down 4.8%, while its latest quarterly results exceeded expectations: EPS was $1.18 versus $0.98 expected, and revenue rose 11% year over year to $224.49 million.
• Institutional investors own 92.15% of Ducommun’s shares, while CEO Stephen Oswald recently sold 2,500 shares at an average price of $203.95.

Shares of Ducommun Incorporated (NYSE:DCO - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $198.17.

DCO has been the subject of a number of recent research reports. Citigroup reiterated a "buy" rating on shares of Ducommun in a report on Wednesday, August 12th. Wall Street Zen raised shares of Ducommun from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Zacks Research lowered shares of Ducommun from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 12th. B. Riley Financial restated a "buy" rating on shares of Ducommun in a research report on Friday, August 7th. Finally, Royal Bank Of Canada lowered their target price on shares of Ducommun from $200.00 to $180.00 and set a "sector perform" rating for the company in a research note on Wednesday.

Ducommun Stock Down 4.8%

DCO opened at $159.96 on Friday. The company has a quick ratio of 2.38, a current ratio of 3.36 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2.42 billion, a P/E ratio of -85.54 and a beta of 1.03. Ducommun has a 52 week low of $84.76 and a 52 week high of $210.39. The business's fifty day simple moving average is $170.12 and its 200 day simple moving average is $153.12.

Ducommun (NYSE:DCO - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The aerospace company reported $1.18 EPS for the quarter, topping analysts' consensus estimates of $0.98 by $0.20. The firm had revenue of $224.49 million during the quarter, compared to analysts' expectations of $214.32 million. Ducommun had a positive return on equity of 9.20% and a negative net margin of 3.10%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.88 EPS. As a group, equities research analysts anticipate that Ducommun will post 4.26 EPS for the current fiscal year.

Insider Activity

In other news, CEO Stephen Oswald sold 2,500 shares of the firm's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $203.95, for a total transaction of $509,875.00. Following the sale, the chief executive officer owned 383,864 shares in the company, valued at $78,289,062.80. This trade represents a 0.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 5.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Ducommun

Several institutional investors have recently added to or reduced their stakes in the business. Allworth Financial LP acquired a new position in shares of Ducommun during the second quarter worth about $26,000. Fortitude Family Office LLC grew its stake in shares of Ducommun by 1,800.0% in the third quarter. Fortitude Family Office LLC now owns 171 shares of the aerospace company's stock valued at $29,000 after buying an additional 162 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in shares of Ducommun in the second quarter valued at about $33,000. Optiver Holding B.V. acquired a new stake in shares of Ducommun in the first quarter valued at about $27,000. Finally, State of Wyoming purchased a new stake in shares of Ducommun during the 1st quarter valued at about $35,000. 92.15% of the stock is currently owned by institutional investors and hedge funds.

About Ducommun

Ducommun Incorporated NYSE: DCO is a manufacturer of engineered components, assemblies and systems for the aerospace, defense and space industries. The company supplies products used in commercial aircraft, military platforms, launch vehicles, satellites and other mission-critical applications.

Its offerings include structural components and assemblies, precision-machined parts, composite structures, electronic and electromechanical systems, circuit-card assemblies, wire harnesses and other specialized products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.